RSSOracle Wins By $0.25
per share.
In the "Revlon" deal (essentially a mandate where highest bid must be accepted for legal reasons) for software maker Retek, Oracle manages to win the deal at $11.25 per share. From internetnews.com,
Oracle Corporation won the bidding battle for retail software specialist Retek with an offer of $11.25 per share after rival SAP dropped out of the bidding competition for the Minnesota-based company.
The deal's value is estimated to be about $630 million, based on Retek's estimated 56 million outstanding shares, and gives Oracle an even stronger position in the retail applications market.
